Longfor Group (Germany) Market Value
| RLF Stock | EUR 1.30 0.03 2.36% |
| Symbol | Longfor |
Longfor Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Longfor Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Longfor Group.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Longfor Group on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Longfor Group Holdings or generate 0.0% return on investment in Longfor Group over 30 days. Longfor Group is related to or competes with AUST AGRICULTURAL, Sumitomo Mitsui, Air Lease, Australian Agricultural, CHEMICAL INDUSTRIES, H FARM, and Quaker Chemical. Longfor Group Holdings Limited, an investment holding company, engages in property development, investment, and manageme... More
Longfor Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Longfor Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Longfor Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.2 | |||
| Information Ratio | 0.0652 | |||
| Maximum Drawdown | 54.97 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 12.12 |
Longfor Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longfor Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longfor Group's standard deviation. In reality, there are many statistical measures that can use Longfor Group historical prices to predict the future Longfor Group's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.6999 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0862 | |||
| Treynor Ratio | (2.23) |
Longfor Group Holdings Backtested Returns
Longfor Group appears to be abnormally volatile, given 3 months investment horizon. Longfor Group Holdings has Sharpe Ratio of 0.092, which conveys that the firm had a 0.092% return per unit of risk over the last 3 months. By analyzing Longfor Group's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please exercise Longfor Group's Downside Deviation of 6.2, risk adjusted performance of 0.0717, and Mean Deviation of 4.88 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Longfor Group holds a performance score of 7. The company secures a Beta (Market Risk) of -0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Longfor Group are expected to decrease at a much lower rate. During the bear market, Longfor Group is likely to outperform the market. Please check Longfor Group's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Longfor Group's current price movements will revert.
Auto-correlation | 0.36 |
Below average predictability
Longfor Group Holdings has below average predictability. Overlapping area represents the amount of predictability between Longfor Group time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Longfor Group Holdings price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Longfor Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Longfor Group Holdings lagged returns against current returns
Autocorrelation, which is Longfor Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Longfor Group's stock expected returns. We can calculate the autocorrelation of Longfor Group returns to help us make a trade decision. For example, suppose you find that Longfor Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Longfor Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Longfor Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longfor Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longfor Group stock over time.
Current vs Lagged Prices |
| Timeline |
Longfor Group Lagged Returns
When evaluating Longfor Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longfor Group stock have on its future price. Longfor Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Longfor Group autocorrelation shows the relationship between Longfor Group stock current value and its past values and can show if there is a momentum factor associated with investing in Longfor Group Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Longfor Stock
Longfor Group financial ratios help investors to determine whether Longfor Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Longfor with respect to the benefits of owning Longfor Group security.